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To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
2/8/2022, 11:16 PM
Congressional Summary of HR 7280
This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.
Read the Full Bill
Current Status of Bill HR 7280
Bill HR 7280 is currently in the status of Bill Introduced since June 18, 2020. Bill HR 7280 was introduced during Congress 116 and was introduced to the House on June 18, 2020. Bill HR 7280's most recent activity was Referred to the House Committee on Ways and Means. as of June 18, 2020
Bipartisan Support of Bill HR 7280
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
1Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7280
Primary Policy Focus
TaxationPotential Impact Areas
- Income tax exclusion
- Public utilities and utility rates
- Residential rehabilitation and home repair
- Solid waste and recycling
- Water quality
- Water use and supply
Alternate Title(s) of Bill HR 7280
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
Comments
Sponsors and Cosponsors of HR 7280
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